International News

Bloomberg At least a fifth of adults in the Philippines, or about 13.9 million people, use Facebook daily for news, according to a poll conducted by Social Weather Stations (SWS). As many as 40.4 million individuals, or 60 percent, still get their news through television, about 15 percent through radio and only 2 percent read newspapers daily, according to the ...

Bloomberg India’s current-account deficit narrowed last quarter as a slowdown in the economy sapped imports. The shortfall was $4.6 billion in the January-March period, the RBI said. That compares with a median $6.1 billion deficit estimated in a survey. The gap is smaller than the previous quarter’s $17.7 billion, or 2.7 percent of GDP. It compares with a deficit of ...

Bloomberg In recent weeks, President Donald Trump has drawn the ire of security hawks in Congress for suggesting he could bargain away his blacklisting of Huawei Technologies Co to secure a trade deal with China. He took a big step towards doing just that, signalling that he cares more about selling US products to China than embarking on a clash ...

Bloomberg India and the US plan to initiate ministerial discussions to sort out trade differences after President Donald Trump met Prime Minister Narendra Modi at the Group of 20 summit in Japan. The meeting — held after Trump called on India to withdraw an “unacceptable” increase in tariffs on US goods — sought to “clear the air and to set ...

Bloomberg Europe and South America’s leading customs union struck a free-trade deal after 20 years of talks, notching up a major win in a global market-opening drive that counters the protectionism of US President Donald Trump. Top European Union officials reached a breakthrough in market-opening negotiations with counterparts from the Mercosur group of Argentina, Brazil, Paraguay and Uruguay, paving the ...

Bloomberg BlackBerry Ltd shares fell the most in a year after reporting sales from its software and services unit slowed and a recent acquisition contributed less of a boost than some analysts expected. Revenue in the fiscal first quarter was $247 million, the Waterloo, Ontario-based company said, up 16 percent from a year earlier. BlackBerry reorganised its reporting units, combining ...

Bloomberg US consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1 percent. Consumer spending, the biggest part of the economy, grew at a 0.9 percent annual pace, according to a Commerce Department report, the slowest in ...

Bloomberg Euro-area economic confidence declined more than forecast in June, dropping to its lowest level since 2016 as deepening trade tensions and a more cautious outlook for the global economy weigh on business and consumer sentiment. The European Commissi-on’s gauge of sentiment fell to 103.3 points, after 105.2 points in May and below the median forecast of 104.8. That was ...

Bloomberg Ford Motor Co. will eliminate about 20 percent of its workforce across Europe in a sweeping overhaul to tackle the carmaker’s falling sales in the region and lift weak profitability. The restructuring, which has been announced piecemeal, will involve reducing its manufacturing footprint in Europe to 18 facilities by the end of 2020 from 24 at the beginning of ...

Bloomberg Apple Inc will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, according to a person familiar with the company’s plans. The company will use Quanta Computer to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, according to the ...